Zillow Group Completes Acquisition of Mortgage Lenders of America

Zillow Group Completes Acquisition of Mortgage Lenders of America

SEATTLE and OVERLAND PARK, Kan., Nov. 1, 2018 /PRNewswire/ — Zillow Group, Inc. (NASDAQ: Z) (NASDAQ: ZG), which homes a portfolio of the biggest and most vibrant actual property and home-related manufacturers on cellular and the online, at present introduced that it has accomplished its beforehand introduced acquisition of Mortgage Lenders of America, a nationwide mortgage lender, headquartered in Overland Park, Kan.

The acquisition of Mortgage Lenders of America will streamline and shorten the home-buying course of for customers who buy houses via Zillow Gives. That is according to Zillow Group’s technique to create higher client experiences at each stage of the house life cycle.

Mortgage Lenders of America will proceed its present line of enterprise, providing mortgages to customers and taking part in Zillow’s mortgage market. Proudly owning a mortgage lender will enable Zillow Group to develop new instruments and partnership alternatives, together with for actual property brokers with present in-house mortgage operations or mortgage associates and our present mortgage advertisers.

“Getting a mortgage is usually the toughest, most intricate a part of paying for a house,” mentioned Greg Schwartz, president of media and marketplaces at Zillow Group. “We acquired MLOA, which we’ll rebrand in 2019, so we might streamline, shorten and simplify the home-buying course of for customers who buy houses via Zillow Gives.”

Mortgage Lenders of America was based in 2000 and has roughly 300 workers. The corporate is led by Philip Kneibert. Kneibert will proceed to guide the corporate as vice chairman and normal supervisor of Mortgage Lenders of America reporting to Greg Schwartz. The corporate will proceed to function from its Kansas headquarters.

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About Zillow Group, Inc.
Zillow Group (NASDAQ:Z) (NASDAQ:ZG) homes a portfolio of the biggest actual property and home-related manufacturers on cellular and the online, which concentrate on all levels of the house lifecycle: renting, paying for, promoting and financing. Zillow Group is dedicated to empowering customers with unparalleled information, inspiration and data round houses, and connecting them with nice actual property professionals. The Zillow Group portfolio of client manufacturers consists of actual property and rental marketplaces Zillow®, Trulia®, StreetEasy®, HotPads®, Bare Flats®RealEstate.com and Out East®. As well as, Zillow Group supplies a complete suite of promoting software program and know-how options to assist actual property professionals maximize enterprise alternatives and join with thousands and thousands of customers. Zillow Gives™ supplies owners in some metropolitan areas with the chance to obtain presents to buy their domestic from Zillow. When Zillow buys a house, it’ll make mandatory updates and record the house for resale on the open market. The corporate operates numerous enterprise manufacturers for actual property, rental and mortgage professionals, together with Mortech®, dotloop®, Bridge Interactive® and New Dwelling Feed®. The corporate is headquartered in Seattle, Washington.

Zillow, Mortech, Bridge Interactive, StreetEasy, HotPads, Out East and New Dwelling Feed are registered logos of Zillow, Inc. Zillow Gives is a trademark of Zillow, Inc. Trulia is a registered trademark of Trulia, LLC. dotloop is a registered trademark of DotLoop, LLC. Bare Flats is a registered trademark of Bare Flats, LLC.

About Mortgage Lenders of America, L.L.C.
Mortgage Lenders of America, L.L.C. (MLOA), is a nationwide supplier of on-line mortgage lending providers. The corporate employs over 300 loan professionals who’re skilled to assist patrons make knowledgeable, assured choices about their mortgage choice – whether or not it is a first time domestic buy, refinance or veteran product. With the flexibility to deal with all features of the loan in-house, debtors can count on a faster, extra environment friendly path to closing when working with MLOA. This customer-centric strategy has earned MLOA business recognition for patron satisfaction and best-in-class on-line lending.

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Based in 2000, MLOA is predicated in Overland Park, Kansas, and is owned by Zillow Group, Inc.

(NASDAQ: Z) (NASDAQ: ZG). 

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SOURCE Zillow Group, Inc.